Memecoins are not dead despite a sharp market cap crash in late 2024, as SPX6900 shows early signs of reversal with rising open interest and fading seller momentumMemecoins are not dead despite a sharp market cap crash in late 2024, as SPX6900 shows early signs of reversal with rising open interest and fading seller momentum
SPX6900 May Signal Reversal as Memecoin Sector Faces Continued Decline
Memecoins are not dead despite a sharp market cap crash in late 2024, as SPX6900 shows early signs of reversal with rising open interest and fading seller momentum, even as the sector's dominance has declined 81.6% year-to-date. SPX6900's price dropped over 10% in 24 hours, underperforming the memecoin market's 6.8% loss. Key indicators like MACD [...]
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